Stock futures higher; Caterpillar, Yahoo in focus

Euro gains on Spanish regional election relief

MADRID (MarketWatch) — U.S. stock futures pointed to a rebound for Wall Street on Monday after sharp losses at the close of last week, as investors parsed through earnings reports from Caterpillar Inc. and others.

With no economic data due Monday, Fawad Razaqzada, market strategist at GFT Markets, said investors will be looking for some good tech news as they keep an eye on U.S. politics. The third and final U.S. presidential debate takes place Monday evening. Read: China, and maybe Europe in final debate

Dow closes off more than 200 points

(18:13)

Simon Constable and Lazard Capital Markets Chief Market Analyst Art Hogan review the tumble in markets, and Nour Malas looks at the killing of a senior Lebanese intelligence official in Beirut. Photo: AP.

“Yahoo and Texas Instruments report today, followed by Apple later in the week, and a degree of cheer here would certainly inject a degree of confidence,” said Razaqzada in emailed comments.

Shares of toymaker Hasbro Inc.
HAS, -1.56%
rose 1.8% in premarket trading after it reported third-quarter earnings of $1.24 a share, and $1.28 on an adjusted basis. Analysts polled by Factset were forecasting net income of $1.20 a share.

Markets may be looking to rebound from a rough session on Friday, which was partly driven by disappointing tech earnings. The Nasdaq Composite
COMP, -0.01%
fell 2.2%, the Dow Jones Industrial Average
DJIA, -0.32%
slid 1.5% and the S&P 500 index
SPX, -0.23%
lost 1.7%.

Spanish Prime Minister Mariano Rajoy’s Popular Party maintained control in his home region of Galicia, a vote seen as a mini-referendum on the government’s austerity program. Meanwhile, the Nationalist party was on track to win an election in the Basque region. Read: Euro buoyed by relief over regional Spain vote

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